Bitcoin Exchange BTCxChange To Close Down Next Month

BTCxChange, Romania’s oldest Bitcoin Exchange, will be shutting down its platform next month.

Launched in 2014, BTCxChange became the first bitcoin exchange in Romania, offering a quick and safe way to purchase and sell bitcoins on the local market. It was also one of the first to provide users direct access to token sales right from an exchange account.

In January of this year, the company received a letter from Idea Bank stating the terms of closure for its bank account, which marked the fourth bank account closed for the company in the last 12 months. As a result, operations were halted on February 1, but users still could store their bitcoin on the exchange’s crypto wallet.

In a notice dated April 22, the exchange told its customers to withdraw all of their remaining funds from the platform.

“We inform you that starting from 1st of May 2018, our platform will be closed,” the company said. “Operations stopped back on 1st of February, but you still could stock your bitcoins on our platform. Please withdraw all your balances before the 1st of May.”

The decision marks the third time the bitcoin exchange has shut its doors. In September 2016, BTCxChange announced it would possibly be sold, and prepared for a closure. At the time, Horea Vuscan, the startup’s owner, said he wanted to retire, and placed the exchange up for sale.